Global Driving Footwear Market, By Material Type (Leather, Natural Fibers, Synthetic, Others), Product Type (Shoes, Boots, Others), Vehicle Type (Four Wheeler, Two Wheeler), Sole Type (Rubber Sole, Anti-Slip Flexible Sole, PVC Sole, Others), Price Range (Mid-Range, Premium, Economic), Consumer Group (Men, Women), Distribution Channel (Offline, Online) – Industry Trends and Forecast to 2029
Global Driving Footwear Market Analysis and Size
The market is primarily shaped by two significant trends in the 21st century. The penchant for design and preference for high-quality products around the world and a shift in production to more cost-effective manufacturing locations have allowed the industry to expand quickly. The driving footwear market is projected to show immense growth over the forecasted period.
The global driving footwear market was valued at USD 52,531.2 million in 2021 and is expected to reach USD 64,505.42 million by 2029, and is likely to grow at a CAGR of 2.60% during the forecast period of 2022-2029. The "men" accounts for the largest consumer group segment in the driving footwear market within the forecasted period owing to its usage to obtain biofuels and bioplastics. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis and consumer behavior.
Market Definition: Global Driving Footwear Market
Driving footwear is a type of shoe with a rubber sole on the back. These are usually moccasin with a rubber grip on the sole that allows for more traction and elasticity. These shoes are commonly designed to keep movement within the car's pedals smooth and effortless.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Material Type (Leather, Natural Fibers, Synthetic, Others), Product Type (Shoes, Boots, Others), Vehicle Type (Four Wheeler, Two Wheeler), Sole Type (Rubber Sole, Anti-Slip Flexible Sole, PVC Sole, Others), Price Range (Mid-Range, Premium, Economic), Consumer Group (Men, Women), Distribution Channel (Offline, Online)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
PUMA SE, (Germany), PRADA S.P.A (Italy), ADIDAS AG, (Germany), Alpinestars,(Italy), Dainese S.p.A, (Italy), GIANNI FALCO S.R.L., (Italy), SPARCO S.P.A., (Italy), Piloti Inc., (Canada), Tommy Hilfiger Licensing, LLC., (Netherlands), DRIVING SHOE CO. (Sweden), FILA (South Korea)., ZARA, (Spain), RUOSH, (India), Hush Puppies, (U.S), Steve Madden, (U.S), and Louis Vuitton, (France), SCOTT Sports SA, (Switzerland) and Sparco S.p.A, (Italy)
|
Driving Footwear Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing Income and Luxury Lifestyle
With the increasing number of billionaires around the globe, there is high demand for luxury car, which is the most significant factor driving the growth for this market. Moreover, the rising disposable incomes couple with the high demand for trendy, comfortable and fancy footwear accelerate the market's growth.
Furthermore, the rapid urbanization, proliferation of e-commerce, and smartphones and mobile internet connectivity are also expected to fuel market growth. Moreover, the growing preference to adopt a western lifestyle also cushions the market's growth within the forecasted period. The increasing demand for luxury cars or vehicles is escalating the demand for driving footwear across the world and rapidly increasing demand for luxury cars will further generate various opportunities for the driving footwear market.
Restraints/Challenges
- Various Barriers To Harm The Growth Of The Market
On the other hand, the various trade barriers imposed as well as the heavy taxes or duties charged on these imported products are expected to obstruct market growth.
Also, the presence of various counterfeits products in the market are projected to challenge the driving footwear market in the forecast period of 2022-2029.
Opportunities
- Rising Demand for Luxurious Vehicles
There is an increasing demand for luxury cars or vehicles worldwide, which will offer numerous opportunities for the market. Additionally, various innovations by well-established manufacturers for product development and premium quality goods will also generate growth opportunities for driving footwear market.
This driving footwear market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the driving footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Driving Footwear Market
The driving footwear market was immensely impacted by the outbreak of COVID-19. To control the spread of COVID-19 pandemic, there were lockdown restrictions by various government authorities across the globe that further led to disruptions of various supply chain operations, stifling business growth and even harmed production. The supply chain disruptions across major export markets, including China and India, are responsible for the estimated drop in global sales of footwear, clothing, and accessories. The industry's worldwide supply chain was severely impacted, limiting the industry's expansion.
However, with the slowdown of the disease, the industry is expected to show gradual recovery due to the growing number of wealthy and fashion-conscious consumers worldwide within the forecast period.
Global Driving Footwear Market Scope
The driving footwear market is segmented on the basis of material type, product type, vehicle type, sole type, price range, consumer group and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Leather
- Natural Fibers
- Synthetic
- Others
On the basis of material type, the driving footwear market is segmented into leather, natural fibers, synthetic and others.
Product Type
- Shoes
- Boots
- Others
On the basis of product type, the driving footwear market is segmented into shoes, boots and others.
Vehicle Type
- Four Wheeler
- Two Wheeler
On the basis of vehicle type, the driving footwear market is segmented into four wheeler and two wheeler.
Sole Type
- Rubber Sole
- Anti-Slip Flexible Sole
- PVC Sole
- Others
On the basis of sole type, the driving footwear market is segmented into rubber sole, anti-slip flexible sole, PVC sole and others.
Price Range
- Mid-Range
- Premium
- Economic
On the basis of price range, the driving footwear market is segmented into mid-range, premium and economic.
Consumer Group
- Men
- Women
On the basis of consumer group, the driving footwear market is segmented into men and women. The men segment is estimated to dominate the segment within the forecast period.
Distribution Channel
- Offline
- Online
On the basis of distribution channel, the driving footwear market is segmented into offline and online.
Driving Footwear Market Regional Analysis/Insights
The driving footwear market is analyzed and market size insights and trends are provided by country, material type, product type, vehicle type, sole type, price range, consumer group and distribution channel as referenced above.
The countries covered in the driving footwear market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the driving footwear market because of the rapid urbanization and a preference to adopt a western lifestyle and/or brands, especially in the region's middle class and rich society.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the presence of various multinational companies coupled with the high consumer disposable income levels within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Driving Footwear Market Share Analysis
The driving footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to driving footwear market.
Some of the major players operating in the driving footwear market are PUMA SE (Germany), PRADA S.P.A (Italy), ADIDAS AG (Germany), Alpinestars (Italy), Dainese S.p.A. (Italy), GIANNI FALCO S.R.L. (Italy), SPARCO S.P.A., (Italy), Piloti Inc., (Canada), Tommy Hilfiger Licensing, LLC., (Netherlands), DRIVING SHOE CO (Sweden), FILA (South Korea)., ZARA (Spain), RUOSH (India), Hush Puppies (U.S), Steve Madden (U.S), Louis Vuitton (France), SCOTT Sports SA, (Switzerland) and Sparco S.p.A, (Italy) among others.
SKU-